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Wednesday, September 24, 2014
Lquid GOLD PLATED currency
Forget the presidents gut wrenching speech taking away from the reality of a plaguing virus with no cure, or the fear that we are even considering aligning ourselves with the brutal Iranian president Hassan Rouhani and his visit to the UN in New York. Lets talk about what counts MONEY.
Zhou Xiao chuan the man whose priority was to tackle corruption is now looking at being “demoted” or blatantly fired from his infamously corrupt government position as China’s Central Banker. This seems to be along with the anti corruption policies in place by Chinese leader Xi Jinping, who seems to be adamant about winning over the love and trust of the Chinese people. Reports came out on the “Wealthy Chinese” leaving do to an array of contributors, such as air and food quality and a lack of quality education. Stated in the Hurun survey of the wealthy people with assets of seven million on average, invest around 16% overseas. Good for us financially, bad for them. Our wealthy flee to run from taxes, they are running to us for things that will not be able to change for decades. We have to remember they are a dictatorship. All the hype of the Alibaba stock the man behind the vision, from poor to rich, a heartwarming story that so many investors bought into are now watching the horror movie that they really “paid” for. Nothing is done without the government’s approval (or hand in jar). As soon as the news of the central banker Zhou Xiao Chuan came out today the USDX spiked 1/2% higher and the USD even stronger. What a joke I live in the U.S. our economy is “crap”, I guess in a paper and digital world the dollar is soaring. While people discus in forums and chat rooms, the close relationship Obama and Zhou have “tennis buddies” and such, jokes regarding how the new banker of China will have Goldman Sachs on his resume and Obama as a reference. This is all too real for most traders. As we dump U.S. equities = money leaving U.S. investors will be looking to Asia for a better yield = money in Asia. The central bank is supposed to create price stability all this is causing, is liquidity. As the dollar climbs I hold gold short at 1309.88 current price 1217.00 with a gain of 7%
Fxmade2trade